Ross was raised in Orlando, Florida. Ross had a half brother Jim, whom he mentioned in passing on his show. While working as a carpenter with his father, Ross lost part of his left index finger. It did not affect the way he held his palette while painting.
Net asset value. Net asset value (NAV) is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds are redeemed at their net asset value. This may also be the same as the book value or the equity value of a business.
Net Asset Value. Each investment fund calculates the net asset value -- NAV -- of a share by adding up the value of all the securities owned by the fund divided by the number of outstanding shares. Mutual funds, closed-end funds, exchange-traded funds -- ETFs -- and unit investment trusts all have a net asset value. The net asset value of a fund is calculated once a day, usually soon after the stock market closes.